Why Bonding Insurance is Important

Acquiring bonding insurance should be a priority, whether you’re a business entity or consumer. Bonding insurance is essential in providing coverage against fraud, deception, sudden bankruptcies, and penalties. If you want to safeguard yourself against these types of incidents, then you may consider the following things. Investigating Surety Bonds  So, what is bonding insurance? Well, surety bonds, while still insurance, are different than traditional policies, in that they are part insurance and part credit. Generally, three distinct parties are included in these types of bonds The Principle The Obligee Surety However, the obligee is the direct benefactor for bond insurance...